HOUSTON and PITTSBURGH, Sept. 24, 2014 /PRNewswire/ -- Noble Energy, Inc. (NYSE: NBL), CONSOL Energy Inc. (NYSE: CNX) and CONE Midstream Partners LP, a Delaware limited partnership ("CONE Midstream Partners") formed by CONSOL and Noble Energy, announced today that CONE Midstream Partners has priced its initial public offering of 17,500,000 common units representing limited partner interests at a price to the public of $22.00 per common unit. The common units are scheduled to begin trading on the New York Stock Exchange on September 25, 2014 under the ticker symbol "CNNX." The underwriters of the offering have a 30-day option to purchase up to an additional 2,625,000 common units to cover over-allotments, if any.

At the conclusion of the offering, the public will own a 29.4% limited partner interest in CONE Midstream Partners (or a 33.8% limited partner interest if the underwriters exercise in full their option to purchase additional common units). Each of CONSOL and Noble Energy will own a 34.3% limited partner interest in CONE Midstream Partners (or a 32.1% limited partner interest if the underwriters exercise in full their option to purchase additional common units). In addition, CONSOL and Noble Energy will own, through their Marcellus Shale midstream joint venture, CONE Gathering LLC, a 2% general partner interest and the incentive distribution rights in CONE Midstream Partners.

Wells Fargo Securities, BofA Merrill Lynch, Citigroup, J.P. Morgan, Baird, Barclays, Deutsche Bank Securities, Goldman, Sachs & Co., Morgan Stanley, Credit Suisse and RBC Capital Markets are acting as book-running managers of the offering. MUFG, PNC Capital Markets LLC, BB&T Capital Markets, BBVA, BNP PARIBAS, DNB Markets, Mizuho Securities and TD Securities are acting as co-managers of the offering. The offering of common units is being made only by means of a written prospectus. Once it becomes available, potential investors can obtain a written prospectus that meets the requirements of Section 10 of the Securities Act of 1933 from:



    Wells Fargo Securities               BofA Merrill Lynch                         Citigroup

    c/o Equity Syndicate Department      222 Broadway, New York, NY                 c/o Broadridge Financial Solutions

    375 Park Avenue                                                           10038  1155 Long Island Avenue

    New York, NY 10152                   Attn: Prospectus Department                Edgewood, NY 11717

    cmclientsupport@wellsfargo.com       email:                                     prospectus@citi.com

    Toll-Free: 1-800-326-5897            dg.prospectus_requests@baml.com            Toll-Free: 1-800-831-9146


    J.P. Morgan                          Baird                                      Barclays

    c/o Broadridge Financial             Attention: Syndicate Department            c/o Broadridge Financial Solutions

    Solutions                            777 East Wisconsin Avenue                  1155 Long Island Avenue,

    1155 Long Island Avenue
                                         Milwaukee, WI 53202-5391                   Edgewood, NY, 11717

    Edgewood, New York, 11717
                                         Telephone: (800) 792-2473                  Telephone: (888) 603-5847

    Telephone: (866) 803-9204            Email: syndicate@rwbaird.com               Email:

                                                                                    barclaysprospectus@broadridge.com


    Deutsche Bank Securities             Goldman, Sachs & Co.                       Morgan Stanley

    Attention: Prospectus Group          Attn: Prospectus Department                Attn: Prospectus Department

    60 Wall Street                       200 West Street                            180 Varick Street, 2nd Floor

    New York, NY 10005                   New York, NY 10282                         New York, NY 10014

    Telephone: (800) 503-4611            Telephone: (866) 471-2526

    Email:                               Email: prospectus-ny@ny.email.gs.com

    prospectus.CPDG@db.com




    Credit Suisse                        RBC Capital Markets

    Attn: Prospectus Department          Attn: Equity Syndicate

    One Madison Avenue                   Three World Financial Center

    New York, NY 10010                   200 Vesey St., 8th Floor

    Telephone: (800) 221-1037            New York, NY 10281-8089

    Email:                               Phone: (877) 822-4089

    newyork.prospectus@credit-suisse.com Email:

                                         equityprospectus@rbccm.com

A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission ("SEC"). This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

When available, to obtain a copy of the prospectus free of charge, visit the SEC's website, www.sec.gov, and search under the registrant's name, "CONE Midstream Partners LP."

About CONE Midstream Partners

CONE Midstream Partners is a growth-oriented master limited partnership recently formed by CONSOL and Noble Energy, whom we refer to as our Sponsors, to own, operate, develop and acquire natural gas gathering and other midstream energy assets to service our Sponsors' rapidly growing production in the Marcellus Shale in Pennsylvania and West Virginia. Our initial assets include natural gas gathering pipelines and compression and dehydration facilities, as well as condensate gathering, collection, separation and stabilization facilities.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include the words "believe," "expect," "anticipate," "intend," "estimate" and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. Forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict, and there can be no assurance that actual outcomes and results will not differ materially from those expected by our management. These forward-looking statements involve certain risks and uncertainties, including, among others, that our business plans may change as circumstances warrant, our common units may not begin trading on the New York Stock Exchange as expected and the offering may not close as expected. For more information concerning factors that could cause actual results to differ materially from those conveyed in the forward-looking statements, please refer to the "Risk Factors" section of the prospectus included in the registration statement on Form S-1, in the form last filed with the SEC. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, unless required by law.

SOURCE Noble Energy